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Modi to visit Sri Lanka on Sunday, 9th June
Jun 07, 2019 (LBO) – Indian Prime Minister Narendra Modi will visit Sri Lanka on Sunday June 9. He will be making the stop after the Maldives on June 8 and 9 and the visit comes following the invitation of President Maithripala Sirisena during his recent trip to India. The Indian Premier is due to […]
CB extends suspension on Pan Asia’s primary dealer unit
Jun 07, 2019 (LBO) – The Central Bank of Sri Lanka, acting in terms of the regulations made under the registered stock and securities ordinance and the local treasury bills ordinance, has decided to extend the suspension of business and activities of Pan Asia Bank’s primary dealer unit. The suspension has been extended by a […]
UK no longer advise against all but essential travel to Sri Lanka
Jun 06, 2019 (LBO) – The UK is no longer advising British travellers and tourists against all but essential travel to Sri Lanka. British High Commission said they have kept their travel advice under constant review since the Easter Sunday attacks, engaging closely with the Sri Lankan Government, the tourism industry and the police. “We […]
Dialog 5G Mobile Service shows South Asia’s fastest mobile speeds in excess of 1.4Gbps
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, showcased download speeds in excess of 1.4Gbps using a commercial 5G mobile handset, the highest speed that has been achieved via a mobile handset in South East Asia. Mobile 5G services were demonstrated on the 3.6Ghz trial spectrum that the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) […]
LVL Energy Fund profits up 30-pct; focus on expanding geographical footprint
Leading energy company and subsidiary of Lanka Ventures, the LVL Energy Fund PLC, surpassed its outstanding financial performance in the previous year, by posting Profit after interest and tax of Rs. 571 million in 2018/19 compared to Rs. 439 million in the previous financial year, which reflects a formidable 30% growth. The company recorded Profit […]
US State Department Assistant Secretary for Political-Military Affairs visits Sri Lanka
Jun 06, 2019 (LBO) – The US Department of State’s Assistant Secretary for Political-Military Affairs R Clarke Cooper visited Sri Lanka to discuss security cooperation and assess the progress of US-funded demining programs. Assistant Secretary Cooper traveled to the Eastern Province to observe demining operations and meet with project beneficiaries. The projects are part of […]
Sri Lanka to obtain USD330Mn World Bank loan for climate mitigation
Jun 06, 2019 (LBO) – Sri Lanka’s cabinet of ministers has approved the implementation of phase 1 of a multi-phase program for mitigation of climate disadvantages. The proposal was presented by Mangala Samaraweera, Minister of Finance to hold loan negotiation discussions and enter into financial agreement with the International ank for Development and Reconstruction to implement […]
Sri Lanka tea prices down in May 2019
Jun 06, 2019 (LBO) – Sri Lanka’s tea prices or national average for May 2019 were down to 51.69 rupees vis-à-vis May 2018 with medium and low growns showing the biggest deficit, a report shows. “In first 5 months of year, prices show a decrease of 41.64 compared to 2018,” Forbes and Walker Tea Brokers […]
Additional lanes for entry & exit ramp of Ja-Ela interchange to ease congestion
Jun 05, 2019 (LBO) – Cabinet approval has been granted to award the contract for the construction of additional lanes at the entry and exit ramp of Ja-Ela interchange to RR Construction Private Limited for a sum of 285.4 million rupees. There are currently two lanes at each of the entry and exit ramps for […]
SriLankan Airlines, official airline partner of Melbourne’s Great Ocean Road Running Festival
SriLankan Airlines, the National Carrier of Sri Lanka and a member of the oneworld alliance continuing to establish its brand presence in Australia, became the official airline partner of the Great Ocean Road Running Festival, recently. The Airline was also the title sponsor of the much sought after 6 km race of the Festival. Known […]